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Karachi, Sana Industries Ltd. (SNAI), a veteran in Pakistan’s textile spinning sector, reported an impressive earnings per share (EPS) of Rs. 20.5 for the January to March 2024 period. The company’s stock traded at a consistent rate of Rs. 22.00 today, matching its daily weighted average. Despite the stable trading price, Sana Industries has experienced significant distribution increases, announcing a 65% bonus issue, an increase from the previous year’s 25%. The firm, with a paid-up capital of Rs. 199.65 million, has been listed since 1988 and continues to hold a strong market lot of 500 shares.
Saritow Spinning Mills Reports No Distributions; EPS Remains Flat
Karachi, Facing a challenging period, Saritow Spinning Mills Ltd. (SSML) reported an EPS of Rs. 0 for the latest quarter, continuing its trend of not issuing any dividends or bonuses. Trading today at Rs. 6.19 with a slight increase to a daily weighted average rate of Rs. 6.26, Saritow shows a paid-up capital of Rs. 298.41 million. The company, which has been on the market since 1990, maintains a market lot of 500 shares.
Sunrays Textile Mills Announces High Earnings and Dividend Payouts
Karachi, Sunrays Textile Mills Ltd. (SUTM) stood out with a robust EPS of Rs. 82.55 for the first quarter of 2024, significantly higher than its trading price today of Rs. 91.60. The company, listed since 1992, has also declared a 20% cash dividend following a 50% bonus issue, reflecting a strong fiscal posture with a paid-up capital of Rs. 207 million. Sunrays Textile maintains a consistent market lot size of 500 shares.
Shahzad Textile Mills Faces Stagnant Growth Amid Market Challenges
Karachi, Shahzad Textile Mills Ltd. (SZTM), another player in the textile industry, showed no earnings for the current quarter, maintaining its trend of not distributing dividends or bonuses. With a trading price of Rs. 45.39 today, Shahzad Textile has a paid-up capital of Rs. 179.71 million. The company has been listed since 1983 and offers a market lot of 500 shares.
Tata Textile Mills Thrives with Strong Earnings and Dividend Growth
Karachi, Tata Textile Mills Ltd. (TATM) announced an EPS of Rs. 65 for January-March 2024, along with a significant increase in its dividend payout to 125%, up from last year’s 50%. The company traded at a consistent price of Rs. 67.00, reflective of its strong market performance. Established in 1991, Tata Textile has a substantial paid-up capital of Rs. 559.94 million and maintains a market lot size of 500 shares.